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stewdamus
Oct 19, 2021 3:59 PM

Bitcoin Dominance Break? - Is it ALTcoin season soon? 

Market Cap BTC Dominance, %CRYPTOCAP

Description

Bluf (Bottom Line up Front):
  • BTC Dominance hitting resistance
  • Strong BTC run might indicate Bulls ready for a break
  • If BTC.D can't push through resistance, ALTcoins should shine!

Comment

UPDATE:

Comments
Cryptonetwork1
Awesome analysis BTW
stewdamus
@Cryptonetwork1, thank you sir. I do my best.
Cryptonetwork1
Which down level will reach 43?
stewdamus
@Cryptonetwork1, I would suspect that 43 percent is a very reasonable target. Could even go lower. But that area is right on target.
Cryptonetwork1
@philthephatman, Thank you sir I was with 45 on mind
Cryptonetwork1
@philthephatman,
ARC81
Has this been invalidated ? after it breaks 47% does it need to retest it?
stewdamus
@ARC81, the way I look at it? It's not invalidated until it pushes through 47% on the daily, closes above 47%, and then opens and closes above 47% the next day as well. In fact, I often like to see (2) two more consecutive days of opening above and closing above any resistance before I officially call it invalidated.
Jvollmer33
Great analysis!!
stewdamus
@Jvollmer33, Thanks Joe
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